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Updated over 4 years ago,
Anybody with experience buying a place they were renting
Hi All,
My Landlord is offering to sell me the apartment I'm in now. I Need help running numbers on the apartment, in order to see if it'll cash flow when I would move in (within a few years)
Has anybody done this and found success?
Just a few thoughts:
1)Rents, as well as all of the expenses may increase in the future, how can I calculate a correct number?
2) Because I'd living in the apartment for the first couple of years as the "Owner", I don't need to worry about Cash Flow, more just that my Overall Cost of the apartment is cheaper than my current rent.
Anybody who has experience with this, please reach out. It's greatly appreciated.
Stay safe,
Jason